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This page tracks all 32 NHL teams’ odds to win the 2023 Stanley Cup. The graph above was generated by calculating the average odds for each team from a variety of online sportsbooks.
You can see the latest 2023 Stanley Cup odds here, along with how each NHL team fares in the odds throughout the course of the 2023 NHL season. The Colorado Avalanche have opened as repeat favorites to win the Stanley Cup.
The Toronto Maple Leafs have the shortest odds of any Canadian team to win the Stanley Cup. Toronto is +1000 at most Ontario sports betting apps.
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Odds to Win Stanley Cup 2023
| Team | Stanley Cup Odds |
|---|---|
| Colorado Avalanche | +450 |
| Carolina Hurricanes | +1000 |
| Toronto Maple Leafs | +1000 |
| Florida Panthers | +1100 |
| Tampa Bay Lightning | +1200 |
| Edmonton Oilers | +1500 |
| Calgary Flames | +1600 |
| Minnesota Wild | +1800 |
| New York Rangers | +1800 |
| Pittsburgh Penguins | +1900 |
| Vegas Golden Knights | +1900 |
| Boston Bruins | +2800 |
| St. Louis Blues | +3000 |
| New York Islanders | +3000 |
| Los Angeles Kings | +3300 |
| Washington Capitals | +4000 |
| Nashville Predators | +4000 |
| Dallas Stars | +4700 |
| Detroit Red Wings | +5000 |
| Vancouver Canucks | +5000 |
| Ottawa Senators | +5000 |
| Winnipeg Jets | +6000 |
| New Jersey Devils | +6500 |
| Columbus Blue Jackets | +7500 |
| Anaheim Ducks | +7500 |
| Philadelphia Flyers | +8500 |
| Buffalo Sabres | +10000 |
| Montreal Canadiens | +10000 |
| San Jose Sharks | +10000 |
| Seattle Kraken | +10000 |
| Chicago Blackhawks | +20000 |
| Arizona Coyotes | +30000 |
Odds as of September 19, 2022, at FanDuel Sportsbook.
Here are some more notes on the movement of the top contenders for the 2023 Stanley Cup:
- [August 19] The Golden Knights continue to see their Cup odds worsen. Vegas has faded from +1000 to +1700 during the NHL offseason.
- [July 18] Carolina has the second-best Stanley Cup odds alongside Toronto after acquiring Brent Burns and Max Pacioretty during NHL Free Agency. Columbus signed the top UFA in Johnny Gaudreau, which improved their Cup odds from +10000 to +7500.
- [July 9] The 2022 NHL Draft had a minor impact on the Stanley Cup odds. The Senators made the biggest move, acquiring Alex DeBrincat in a trade with the Blackhawks. Ottawa’s Cup odds shortened from +7500 to +5500.
- [June 27]: Immediately after winning their first Stanley Cup since 2001, Colorado has opened as +500 favorites to repeat as NHL champions in 2023. The Maple Leafs have the second-best Stanley Cup odds at +900 , while the Lightning have opened at +1000.
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Stanley Cup Favorites for 2023
The early odds for the 2023 Stanley Cup see the Colorado Avalanche as significant favorites over the rest of the league. After the Avs, the likes of the Leafs, Panthers, Lightning, and Golden Knights are given the best chance to win the NHL championship. Here is a little more information on each of the five favorites.
Colorado Avalanche
The Avalanche are +500 favorites to repeat as Stanley Cup champions in 2023. Colorado dominated the 2022 NHL postseason, posting a 16-4-0 record and outscoring teams 85-55. The Avalanche feature the reigning Norris Trophy winner in Cale Makar, while boasting a star-studded offense led by Nathan MacKinnon.
Toronto Maple Leafs
The Maple Leafs have the second-best 2023 Stanley Cup odds despite having not won a playoff series since 2004. Toronto pushed the back-to-back champs, the Tampa Bay Lightning, to seven games in Round 1 of the 2022 NHL Playoffs. The Leafs feature the NHL’s reigning Hart Trophy winner in Auston Matthews, who scored 60 goals in 2021-22.
Florida Panthers
The Panthers have the third-best Stanley Cup odds in 2023 at +1000. Florida had a historically explosive offense in 2022, which led them to capture the Presidents’ Trophy as the NHL’s best regular-season team. The Panthers won their first playoff series since 1996 before being swept by Tampa Bay in Round 2.
Tampa Bay Lightning
The Lightning are once again a top contender to win the Stanley Cup in 2023. Tampa Bay saw its magical run of 11 straight playoff series victories come to an end at the hands of the Avalanche in 2022. With one of the NHL’s best goalies in Andrei Vasilevskiy, the Lightning can never be counted out in the Stanley Cup odds.
Vegas Golden Knights
The Golden Knights round out the top-five 2023 Stanley Cup favorites. Vegas failed to make the playoffs in 2022 for the first time since entering the NHL in 2017. VGK has been decimated by injuries but should ice a much healthier team in 2023. The Knights made a big splash in the offseason hiring ex-Bruins coach Bruce Cassidy as their new bench boss.
Five Past Stanley Cup Winners
| Year | Team |
|---|---|
| 2022 | Colorado Avalanche |
| 2021 | Tampa Bay Lightning |
| 2020 | Tampa Bay Lightning |
| 2019 | St. Louis Blues |
| 2018 | Washington Capitals |
The Colorado Avalanche won their third Stanley Cup in franchise history in 2022. While the Avs are favored to repeat, the NHL hasn’t seen different teams win back-to-back championships consecutively since New York and Edmonton in the 1980s.
St. Louis Blues (2019) and Washington Capitals (2018) were first-time Stanley Cup winners. Capitals fans in Maryland will be able to bet on their “home team” in the near future as online sports betting is set to be legalized sometime in late 2022 or 2023.
Interestingly, only one team that has lost the Cup finals since 2008 has gone onto win the Stanley Cup since then; the Lightning lost to the Blackhawks in 2015 and then won in 2020 and 2021.
The other teams to lose in the finals in that span include: Detroit, Philadelphia, Vancouver, New Jersey, Boston, NY Rangers, San Jose Nashville, Vegas, Boston, Dallas, and Montreal.
NHL Stats for Teams Searching for Their First Stanley Cup
| Team | Years in the NHL | Cup Final Appearances | Closest They’ve Come |
|---|---|---|---|
| Vancouver Canucks | 52 | 3 | Game 7 Cup Final losses in both 2011 and 1994. No one in Vancouver will ever forget LaFayette’s post or the ensuing riots. |
| Buffalo Sabres | 52 | 2 | Game 6 in 1999. Losing in overtime, no thanks to Brett Hull’s foot in the crease. |
| San Jose Sharks | 31 | 1 | Game 6 in 2016. They’ve never been able to shed their label as chokers. |
| Nashville Predators | 24 | 1 | Game 6 in 2017. Nashville fans still rue the bad call on Sissons’ go-ahead goal. |
| Ottawa Senators | 30 | 1 | Game 5 in 2007. A heartbreaking series for that culminated in the infamous Emery-Phillips mixup. |
| Vegas Golden Knights | 5 | 1 | Game 5 in 2018. Luca Sbisa hands the game to Lars Eller to end the Knights historic run. |
| Florida Panthers | 29 | 1 | Swept by Colorado in 1996, despite the year of the rat. |
| Arizona Coyotes | 26 | 0 | Lost in 5 games to the LA Kings in 2012. Dustin Brown isn’t admired by Glendale faithful. |
| Winnipeg Jets | 28 (1979-1996, 2011-2018) | 0 | Defeated by the Golden Knights in 5 games in 2018. Canada’s best hope was no match for Ryan Reaves’ heroics. |
| Minnesota Wild | 22 | 0 | Swept in the 2003 Conference Finals. Despite a disappointing playoff history, they did end Patrick Roy’s career in spectacular fashion. |
| Columbus Blue Jackets | 22 | 0 | The Jackets have only won one playoff series in their history, but what a series it was, upsetting the top-seeded Lightning in 2019. |
Coyotes fans have had a little bit more to cheer for with AZ online sports betting live, plus a new arena in development. It’s been a disappointing few seasons for Arizona fans, but if bettors have been loyal to “Fade the Coyotes” trend then at least they’re making some solid coin.
Canadian Stanley Cup Winners
| Team | Stanley Cups | Finals Appearances | Last Championship | Last Finals Appearance |
|---|---|---|---|---|
| Montreal Canadiens | 24 | 34 | 1993 | 2021 |
| Toronto Maple Leafs | 13 | 21 | 1967 | 1967 |
| Edmonton Oilers | 5 | 7 | 1990 | 2006 |
| Calgary Flames | 1 | 3 | 1989 | 2004 |
| Vancouver Canucks | 0 | 3 | N/A | 2011 |
| Ottawa Senators | 0 | 1 | N/A | 2007 |
| Winnipeg Jets | 0 | 0 | N/A | N/A |
No Canadian team won the Stanley Cup in 2022, extending Canada’s Stanley Cup drought to 29 years. Connor McDavid and the Edmonton Oilers did reach the Conference Finals, however, marking the second straight year a Canadian team has made the NHL final four. Canada sports betting sites continue to offer odds for all Canadian NHL teams.
The run of futility for Canadian teams, which dates back to 1993, is reaching incredible heights. During that time, Canadian teams have comprised a minimum of 21.88% of the NHL (at least 7 out of 32 teams). For the vast majority of that span, Canadian teams have actually made-up a greater percentage of the league (23.33% of the NHL from 2000 until Vegas joined in 2017).
A total of 28 Stanley Cups have been awarded since Montreal won in 1993. If you think of the NHL as rolling a 30-sided die, on which seven sides are Canadian teams, the chances of it landing on non-Canadian teams 27 straight times is 0.236%.
Canadian teams have reached the Stanley Cup finals six times since 1993 (Vancouver, 1994; Calgary, 2004; Edmonton, 2006; Ottawa, 2007; Vancouver, 2011; Montreal, 2021). Even if we say the Canadian teams – which were largely underdogs in those series – only had a 40% chance of winning the finals, on average, there was still only a 4.67% chance that they would go 0-for-6.
Stanley Cup Odds FAQ
Who has the best odds to win the Stanley Cup?
The Colorado Avalanche have the best odds to win the Stanley Cup. They opened for the new NHL season around +500.
Who won the Stanley Cup last year?
The Colorado Avalanche won the Stanley Cup last season (2022).
Which NHL team has the most Stanley Cups?
The Montreal Canadiens have the most Stanley Cups with 23.
When was the first Stanley Cup awarded?
The first Stanley Cup was handed out in 1893, which predates the founding of the NHL (1917) by 24 years.
Archived Stanley Cup Odds: 2022, 2021, 2020, 2019, 2018
Brady Trettenero
Brady is a passionate hockey fan and sports writer with over five years of experience specializing in digital media, plus a degree in Broadcast Journalism. His work has been published by outlets such as ESPN, CBS Sports, Yahoo! Sports and Fox Sports.
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